The neighborhood near the Liberty State Light Rail has shown tremendous growth recently and another development is slated to break ground soon after gaining approvals late last year.
Back in November, we reported on a plan to redevelop two adjacent properties at 282 Pine Street and 97 Monitor Street. The land was purchased last year for a total of $4.7 million by a company called FD Lot 9 LLC, which is owned by a managing partner of Alpine Real Estate.
Jersey City’s planning board eventually approved a 114-unit development for the parcels, which will be consolidated into one address at 95 Monitor Street. All the existing structures on the land will be demolished to make way for new construction coming from Fields Development, who will be overseeing the project’s buildout.
Designed by New York-based Fogarty Finger Architecture, 95 Monitor Street’s exterior will be composed of both gray and glazed green brick. The development’s ground floor will include about 2,800-square feet of retail split between three different storefronts, which will utilize expansive windows that aim to create a lively pedestrian experience.
The development’s residential portion will consist of rental units and break down as 50 studios, 44 one-bedrooms, and 20 two-bedrooms. Six of the apartments will be set aside as affordable housing for those with moderate incomes and 36 parking spaces are included in the development.
Amenities at 95 Monitor Street include landscaped courtyards, a green roof, and an enclosed rooftop amenity that features views of Manhattan. The project, which will rise six stories and about 65 feet, falls within the Morris Canal Redevelopment Plan and was granted a few variances related to building setbacks by the planning board.
The blocks around 95 Monitor Street have been busy with construction activity for quite some time and just a stone’s throw away, another development at 306 Johnston Street is set to commence construction this year. Fields Development should also be breaking ground on the neighborhood’s latest project sometime in the next few months.